Pinnacle Financial Partners Inc Trims Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Pinnacle Financial Partners Inc lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 9.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,972 shares of the basic materials company’s stock after selling 834 shares during the period. Pinnacle Financial Partners Inc’s holdings in DuPont de Nemours were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of DuPont de Nemours by 98,126.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,744,718 shares of the basic materials company’s stock worth $1,196,243,000 after buying an additional 16,727,671 shares during the period. Moneta Group Investment Advisors LLC grew its position in shares of DuPont de Nemours by 114,597.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock worth $821,569,000 after buying an additional 11,960,552 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of DuPont de Nemours during the second quarter worth about $172,134,000. Bank of Montreal Can acquired a new stake in DuPont de Nemours in the second quarter valued at approximately $104,976,000. Finally, Nuveen Asset Management LLC lifted its stake in DuPont de Nemours by 19.6% in the second quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock worth $550,413,000 after acquiring an additional 1,261,028 shares during the last quarter. Hedge funds and other institutional investors own 76.25% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DD traded up $0.55 during mid-day trading on Friday, hitting $64.66. 4,595,364 shares of the company’s stock were exchanged, compared to its average volume of 3,970,369. The firm has a market capitalization of $27.81 billion, a P/E ratio of 6.72, a P/E/G ratio of 1.84 and a beta of 1.34. DuPont de Nemours, Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $78.74. The business’s 50 day moving average is $73.34 and its two-hundred day moving average is $73.85. The company has a current ratio of 2.15, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31.

DuPont de Nemours (NYSE:DDGet Free Report) last announced its earnings results on Wednesday, November 1st. The basic materials company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.08. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.15 billion. DuPont de Nemours had a return on equity of 6.18% and a net margin of 37.49%. The company’s revenue was down 7.8% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. On average, equities analysts expect that DuPont de Nemours, Inc. will post 3.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $80.00 to $72.00 in a report on Wednesday. StockNews.com cut DuPont de Nemours from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Citigroup cut their target price on DuPont de Nemours from $80.00 to $78.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 4th. Wells Fargo & Company downgraded DuPont de Nemours from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $85.00 to $69.00 in a report on Wednesday. Finally, Royal Bank of Canada cut their price objective on shares of DuPont de Nemours from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $76.78.

View Our Latest Stock Analysis on DD

DuPont de Nemours Company Profile

(Free Report)

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits addressing various steps of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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